Enterprise Information Management Market to Grow at 19.51% CAGR to 2020
RnRMarketResearch.com adds Global Enterprise Information Management Market 2016-2020 latest research report, the analysts forecast global enterprise information management market to grow at a CAGR of 19.51% during the period 2016-2020.
July 26, 2016 /MarketersMedia/ —
The global enterprise information management market analyst says a trend which is boosting market growth is big data governance. Enterprise-level information governance is becoming complex and growing rapidly because of cross-functional workgroups, business processes, disparate locations, and unstructured data. Enterprise level data grow at the rate of 30%-40% per year. Therefore, it is imperative for organizations to adopt effective and efficient solutions for data lifecycle management, compliance, and security.
Complete report on enterprise information management market spread across 71 pages, analyzing 5 major companies and providing 24 data exhibits is now available at http://www.rnrmarketresearch.com/global-enterprise-information-management-market-2016-2020-market-report.html
According to the 2016 global enterprise information management market report, a key growth driver is the increased need to comply with regulatory requirements. Organizations are subject to follow regulatory requirements to manage corporate data. Governments worldwide are enforcing acts and policies such as Sarbanes-Oxley Act (SOX) in the US, the Health Insurance Portability and Accountability Act (HIPAA) in the US, and data breach notification laws that companies need to comply for conducting business effectively. SOX details various controls essential for handling financial information. HIPAA establishes instructions to secure and deal with protected health information.
Global Enterprise Information Management (EIM) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Order a copy of Global Enterprise Information Management Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=626336
The report covers the present scenario and the growth prospects of the global enterprise information management market for 2016-2020. To calculate the market size, we consider the revenue generated from the deployment of EIM solutions both on premise and in the cloud. The solutions covered in the report include:
• Business intelligence (BI)
• Enterprise data management (EDM)
• Enterprise search management
• Enterprise content management (ECM)
• Information asset management (IAM)
• Information governance
The following companies are the key players in the global enterprise information management market: EMC, IBM, Oracle, SAP, and SAS. Other prominent vendors in the market are: AABYY, Adobe Systems, Canto, CMO Software, Cognizant, Enablon, Gimmal, HP, Hyland Software, Intelex Technologies, KCura, Mega International, Metric Stream, OpenText, and Resolver.
Enterprises in the banking, insurance, and healthcare sectors develop EIM policies that comply with external regulations as they deal with sensitive information. Cloud-based EIM reduces costs when compared with isolated regulation-specific compliance programs. Cloud-based EIM practices enable organizations to align their data use and communication, record management, and information security policies efficiently. To avoid the pressure and complexity of adhering to regulatory reforms that keep evolving, resulting in reduced organizational productivity, organizations are increasingly adopting EIM programs.
One of the most important advantages of using EIM solutions is increased collaboration and effectiveness. Improved collaboration is related to the more sustained common effort to accomplish corporate goals, and also the better social integration of corporate environments, especially across different departments and geographic locations. As every multi-national company faces problems related to fragmentation and isolation of various components, collaboration offered by EIM tools can offer a powerful antidote by means of collaboration through portal structures.
Businesses across various industries are going through digital transformations due to benefits such as improved customer relationships, innovations in products and services, cost savings, and enhanced decision-making capabilities. This has also resulted in exponential growth of corporate data. For instance, the healthcare industry has been generating large volumes of digital data due to rapid digitalization of manual patient records, fueled by legislative regulations and the need to provide better patient care at low costs.
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